This Joint Staff Advisory Note (JSAN) reviews the Republic of Moldova's Poverty Reduction and Growth Strategy Paper (PRSP) covering the years 2012-2020. The PRSP follows Moldova's National Development Strategy (NDS) focusing on seven national development...
Exibir mais +This Joint Staff Advisory Note (JSAN) reviews the Republic of Moldova's Poverty Reduction and Growth Strategy Paper (PRSP) covering the years 2012-2020. The PRSP follows Moldova's National Development Strategy (NDS) focusing on seven national development priorities: (i) Aligning the education system to labor market needs in order to enhance labor productivity and increase employment in the economy; (ii) Increasing public investment in national and local road infrastructure; (iii) Reducing financing costs by increasing competition in the financial sector and developing risk management tools; (iv) Improving the business climate; promoting competition policies, streamlining the regulatory framework and applying information technologies in public services for business and citizens; (v) Reducing energy consumption by increasing energy efficiency and using renewable energy sources; (vi) Ensuring financial sustainability of the pension system in order to secure an appropriate rate of wage replacement; (vii) Increasing quality and efficiency fighting corruption to ensure equitable access to public goods. The Bank and Funds staff believe the NDS provides a good basis for inclusive growth in Moldova, but that implementation will be key. Particular attention will be given to the relation between the new NDS and existing national and sectorial strategies.
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